Exchanges and Wallets

Safety Precautions

• Be cautious with new coins on unknown exchanges. Preferably store your coins in your own wallet, especially during a bull market.
• Exchanges can fail, be hacked, or even engage in fraudulent activities.

KYC on Exchanges

• Always complete the KYC (Know Your Customer) procedures on exchanges to reduce potential issues. Use reliable exchanges like Kraken for fiat transactions. Exercise caution with lesser-known or new exchanges.